Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $195.45; Reasoning: Putting on an uneven [private_monthly] double diagonal[/private_monthly] on SPY with March expiring options for the short legs. This trade currently has a delta of -0.4, a positive theta of 2.2 and a positive vega of 1.4. […]
Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $103.70; Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on IWM with the long legs expiring on the 4th week of March. The Greeks on this trade are: -1.6 delta, 0.9 theta, and -3 vega. We’ll look to adjust or […]
Stock / Symbol: Facebook Inc / FB; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $108.12; Reasoning: I’m expecting some stability in FB and using an [private_monthly]iron condor [/private_monthly]that is just a bit beyond FB’s expected deviation by March expiration. The current Greeks on this slighly negative delta trade are: -2.2 delta, 1.7 theta, and […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $166.44 Reasoning: Putting on a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -1.5 delta, a 1.5 theta, and a 2.0 vega. If DIA either trades up to [private_monthly]$173 or down to $158[/private_monthly], we’ll either exit the trade or […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $100.75 Price at trade exit: $100.45; Reasoning: The short strikes on this double diagonal on IWM are expiring today so we’re closing this (slightly positive) trade. The Greeks are currently: -6.1 delta, 5.3 theta, […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: iron condor; Trade entry date / price: 4 Feb / $191.39; Price at trade post: $191.86; Position: short -1 SPY Feb16 199 call long 1 SPY Feb16 200 call short -1 SPY Feb16 183 put long 1 SPY Feb16 182 put Reasoning: With SPY […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: Iron Condor; Trade entry date / price: 4 Feb / $95.76 Price at this post: $96.32 Position: short -1 AAPL Feb16 102 call long 1 AAPL Feb16 104 call short -1 AAPL Feb16 90 put long 1 AAPL Feb16 88 put Reasoning: With AAPL trading smack […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $163.75; Price at trade post: $165.20 Reasoning: With our short strikes expiring tomorrow, time to close out the trade for a slight gain. Current Greeks are: -0.47 delta, 1.6 theta, 7.6 vega. Closing […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Vertical Put Spread Price at this post: $95.72 Reasoning: With stops being hit on most of our positions, I’m putting on this Vertical Put Spread on QQQ to help reduce our overall downside risk and help to bring the overall delta from 50 to 17. Should […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $191.39; Reasoning: Putting on an[private_monthly] Iron Condor[/private_monthly] on SPY with February expiring options.. This trade currently has a delta of -0.90, a positive theta of 1.4 and a negative vega of -2.5. This trade has a 81% […]